Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
NOVAKOVIC PHEBE N
  2. Issuer Name and Ticker or Trading Symbol
GENERAL DYNAMICS CORP [GD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)
C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DR., SUITE 100
3. Date of Earliest Transaction (Month/Day/Year)
12/01/2006
(Street)

FALLS CHURCH, VA 22042
4. If Amendment, Date Original Filed(Month/Day/Year)
12/04/2006
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $1.00 par value 12/01/2006   M   3,152 (1) A $ 46.96 23,164 (1) (2) D  
Common Stock, $1.00 par value 12/01/2006   M   2,000 (1) A $ 48.885 25,164 (1) D  
Common Stock, $1.00 par value 12/01/2006   S   2,320 D $ 74.7313 22,844 D  
Common Stock, $1.00 par value 12/01/2006   S   1,000 D $ 74.717 21,844 D  
Common Stock, $1.00 par value 12/01/2006   S   769 D $ 74.7144 21,075 D  
Common Stock, $1.00 par value               2,460.0958 (1) (3) I 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $ 46.96 12/01/2006   M     2,320 03/06/2003 03/05/2007 Common Stock 2,320 $ 0 0 D  
Stock Options $ 46.96 12/01/2006   M     832 03/06/2004 03/05/2007 Common Stock 832 $ 0 0 D  
Stock Option $ 48.885 12/01/2006   M     1,000 05/01/2003 04/30/2007 Common Stock 1,000 $ 0 0 D  
Stock Options $ 48.885 12/01/2006   M     1,000 05/01/2004 04/30/2007 Common Stock 1,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
NOVAKOVIC PHEBE N
C/O GENERAL DYNAMICS CORPORATION
2941 FAIRVIEW PARK DR., SUITE 100
FALLS CHURCH, VA 22042
      Senior Vice President  

Signatures

 Margaret N. House, by power of attorney   12/04/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Share ownership adjusted for 2-for-1 stock split on 3/24/2006
(2) Number corrected due to clerical error
(3) Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report
 
Remarks:
Reporting person has 127,688 stock options (adjusted for 2-for-1 stock split on 3/24/2006), as previously reported.

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